Alliancebernstein L.P. lessened its position in shares of Kansas City Southern (NYSE:KSU) by 1.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 194,652 shares of the transportation company’s stock after selling 3,360 shares during the quarter. Alliancebernstein L.P. owned approximately 0.19% of Kansas City Southern worth $20,481,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in KSU. American Century Companies Inc. raised its stake in shares of Kansas City Southern by 211.2% during the 3rd quarter. American Century Companies Inc. now owns 7,901 shares of the transportation company’s stock worth $859,000 after buying an additional 5,362 shares during the last quarter. Sei Investments Co. increased its position in Kansas City Southern by 29.2% during the 3rd quarter. Sei Investments Co. now owns 32,780 shares of the transportation company’s stock worth $3,563,000 after purchasing an additional 7,401 shares in the last quarter. New York State Common Retirement Fund increased its position in Kansas City Southern by 2.2% during the 3rd quarter. New York State Common Retirement Fund now owns 236,400 shares of the transportation company’s stock worth $25,692,000 after purchasing an additional 5,000 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Kansas City Southern by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 295,912 shares of the transportation company’s stock worth $32,160,000 after purchasing an additional 873 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Kansas City Southern by 12.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 7,784 shares of the transportation company’s stock worth $846,000 after purchasing an additional 855 shares in the last quarter. 87.95% of the stock is owned by institutional investors and hedge funds.
Shares of KSU stock opened at $106.70 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.70 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $10,873.19, a PE ratio of 11.59, a price-to-earnings-growth ratio of 1.30 and a beta of 0.89. Kansas City Southern has a fifty-two week low of $81.54 and a fifty-two week high of $114.85.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, January 19th. The transportation company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.36 by $0.02. The company had revenue of $660.40 million during the quarter, compared to analysts’ expectations of $658.33 million. Kansas City Southern had a return on equity of 12.07% and a net margin of 37.24%. The firm’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.21 EPS. equities research analysts forecast that Kansas City Southern will post 6.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Monday, March 12th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Friday, March 9th. Kansas City Southern’s payout ratio is currently 15.64%.
In other news, CMO Brian D. Hancock sold 2,325 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $113.00, for a total transaction of $262,725.00. Following the completion of the sale, the chief marketing officer now owns 19,455 shares in the company, valued at approximately $2,198,415. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Henry J. Maier bought 1,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of $104.35 per share, with a total value of $104,350.00. Following the acquisition, the director now directly owns 5,159 shares in the company, valued at approximately $538,341.65. The disclosure for this purchase can be found here. 0.95% of the stock is currently owned by insiders.
A number of analysts recently commented on KSU shares. BMO Capital Markets reiterated a “hold” rating and set a $109.00 price objective on shares of Kansas City Southern in a research report on Friday, November 24th. Zacks Investment Research upgraded Kansas City Southern from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a research report on Tuesday, December 12th. Credit Suisse Group reiterated an “outperform” rating and set a $121.00 price objective (down previously from $126.00) on shares of Kansas City Southern in a research report on Thursday, March 8th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $102.00 price objective (up previously from $97.00) on shares of Kansas City Southern in a research report on Thursday, March 8th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $115.53.
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About Kansas City Southern
Kansas City Southern (KCS) is a holding company. The Company has domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.
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